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India's government excluded ethanol made from sugarcane juice, sugar syrup and B-heavy molasses from its latest oil marketing procurement tender. Sugar mills warn that a prolonged exclusion could strain finances during a surplus year.
Curbs on sugar-based ethanol diversion keep more sugar on the market, which is bearish for sugar and molasses-based feed inputs, with limited direct effect on grain feed.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.